According to CoinMeta, Hyperliquid performed strongly in the second quarter of 2026, with its native HYPE token rising by 79.2% to reach a new high of $76.90, despite an overall decline in the crypto market. The report indicates that HYPE's relative performance against Bitcoin improved by 93% in Q2. Additionally, Hyperliquid's monthly revenue increased by 52% in June compared to April, with annualized revenue estimated at around $840 million. Hyperliquid also revealed that the cumulative income of holders exceeded $1 billion by the end of the quarter. The protocol retired USDH on May 14th and chose USDC, developed by Coinbase, as the main quoted asset. The governance proposal was approved with 69.1% of HYPE votes on June 12th.